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. dagen: thank you very much. we want to bring in steve moore to ask him quickly if there's enough time to get a deal done. he's senior economics writer at the "wall street journal," author of "who is the fairest of them all" and steve now that i introduced you, we're going to have to go to the new york stock exchange to hear wait till the sun shines which the traders sing every time this time of year. i'm going to pose the question to you. apologies if i need to interrupt you. is there enough time to get a deal done? >> yeah, there is. peter is exactly right that the modus operandi and capitol hill and the white house for the last 30 years is every time they are up against the deadline, they are like the high schoolkid who has to finish thesis paper. they wait till the last minute. so dagen, i'm making a prediction that on december 31st, you and i will probably be talking and i think they will be furiously negotiating and i think they probably wiil reach a deal. let me make one other point if i may, let's say it doesn't happen on december 31st, it's going to happen in january. it is no
: that is the suspicion that's shared by a lot of republicans taking it, steve, as almost an article of faith of three weeks, a month, that the president actually wants to go over the cliff and i'm not sure if that's true. i have no way of knowing if that's true. i kind of doubt it. if you look at it, the republicans lose a lot of leverage. they have painted themselves in to this corner. there's no denying that fact. john boehner obviously we know what happened last week. sifting through the wreckage of the plan "b." gone back to plan "a," a bill passed by the congress and extending tax cuts for everyone and sent to the senate. they don't expect the senate to take that. use that as a legislative vehicle and what's today? saturday. new year's eve is -- sorry. today's friday. too much holiday cheer. but come on. i mean -- >> he will be working the weekend. >> reporter: i am. oh my god. i don't want to get started on that. but anyway, you know, there's a lot at stake here. and, you know, it is late for this kind of thing to go on. and really, steve, i know you have been on board for this last several day
people. time magazine's rana joins us and steve kornacki. it seems to me if you listen to newt gingrich, who has become a commentator every time he's not running for something, you get the sense that you don't want to run against hillary clinton because she's grabbed the scepter. she's quite hawkish on issues like iraq and the middle east generally. i think she's very hawkish xa d compared to most democrats. where is the wiggle room to go against her? >> i completely agree. i think she's done an incredibly great job. she's been incredibly deft at are he positioning the u.s. in a mul multipolar world where we have relatively less economic power. she's managed through digital state craft, through smafert uses of technology to project a soft power and it's been a great credit to our country and i think it's going to be a real tough thing to put in a bad light. >> you know, and, steve, i don't know about your politics on this, i think i'm a little to her left on a lot of thers foreign policy issues like iraq and the middle east. she's positioned herself just where you want to be, a notch o
agrees that that action is necessary. gregg: steve hayes, is the senior writer for "the weekly standard" and a fox news contributor. steve, great to see you. the deal being bandied about right now to raise taxes on higher earners actually doesn't appear to do anything to fix the problem, that is, all the new revenue from higher taxes would be used for more spending. as we understand about 850 billion in new revenue would be spent on eliminating the fiscal cliff automatic spending cuts and extending unemployment checks. is it true not a dial would go to cutting the real problem, the debt and deficit? >> yeah. in one scenario that is absolutely the case. we shouldn't actually be surprised. it has been clear at least for a short amount of time that this hasn't been the goal of these discussions. i mean for all the talk about deficit reduction and despite the fact that this began as an effort to rein in spending after the 2010 elections, it is clear democrats in the house and senate, i would argue the president, haven't been serious about long-term spending cuts. gregg: maybe they're not se
. bring in the panel. steve hayes for "weekly standard." a.b. stoddard, associate editor of the hill. sindcated columnist charles krauthammer. a.b., the res tent numbers-cruncher. what do you make of the back and forth today? >> today was about the drama on both sides and blame game and showing they were going to come and call e want to get down to business before december 31, which is monday. we're not, there are no plans. no paperwork. there are conflicting reports about the meeting. it's all kind of depressing. when you poke arp you find out that the house is returning on sunday. but beyond that, nobody knows anything. >> doug: steve? >> yeah. today, nothing happened other than people using warn-out talking points and a lot of misinformation. harry reid is still blaming grover norquist. send him a memo that norquist took himself out of the discussion a week ago when he backed the house republican plan "b." it's like the old stale talking points. for me, the big picture if you take a step back from this, the big picture story here is one of misplaced outrage. media folks with the c
in or a guy named steve. >> andrea: you hire the guy named steve. >> eric: steve gets the job 100% of the time. freddie both of you are going this can't happen. >> andrea: it's legal. if the hot woman tried to say i didn't get the job because i was too hot. too bad. being hot is not protected -- >> greg: what if you like pudgy guys named steve? >> juan: kimberly said the guys on the iowa court. there is no protected class here. totally crazy, after ten years, what is going on here? wife, on to that. the wife. i think -- are you kidding me? men in the workplace, of course we look at women. >> kimberly: one time i had a fortune to meet too hot for citibank, the puerto rican italian. she was. she's really hot. anyway. >> greg: you could not work anywhere else. >> kimberly: there she is. see what i'm talking about? >> andrea: unfortunately for her, she is not protected. >> kimberly: maybe not a good idea to be too hot. moral of the story. >> juan: you are saying thi this? >> kimberly: unless you work at fox news. hot and smart is not a crime. >> andrea: unemployment rate for hot chicks is zero. >>
is hiring. what do you do? a beautiful nanny comes in or a guy named steve. >> andrea: you hire the guy named steve. >> eric: steve gets the job 100% of the time. freddie both of you are going this can't happen. >> andrea: it's legal. if the hot woman tried to say i didn't get the job because i was too hot. too bad. being hot is not protected -- >> greg: what if you like pudgy guys named steve? >> juan: kimberly said the guys on the iowa court. there is no protected class here. totally crazy, after ten years, what is going on here? wife, on to that. the wife. i think -- are you kidding me? men in the workplace, of course we look at women. >> kimberly: one time i had a fortune to meet too hot for citibank, the puerto rican italian. she was. she's really hot. anyway. >> greg: you could not work anywhere else. >> kimberly: there she is. see what i'm talking about? >> andrea: unfortunately for her, she is not protected. >> kimberly: maybe not a good idea to be too hot. moral of the story. >> juan: you are saying thi this? >> kimberly: unless you work at fox news. hot and smart is not a crim
and well here. >>> i'm steve kornacki in new york. doesn't matter where you are. we are going to slide down the slope if a deal isn't reached. some faster than others. today, what you don't hear in all of this. straight talk when it comes to your wallet. >>> i'm toure. a big day today. anti-fragile. chaos can be good. oh, we'll make them mad today. >> maybe a little too much chaos for us who's still feeling under the weather, s.e. but we have a whole hour of "the cycle" starting right now. >>> it's basketball thursday here on "the cycle" and we have a classic for you as we relate dr. nasmith to the fiscal whatever here in washington. we take you to washington for last night's cavaliers-wizards game, a classic between the boehner-led cavs at 6-23 against the harry reid wizards at 3-22. pay attention, kornacki. cleveland won. the final was 87-84. this even though cleveland's best player irving missed 9 out of 10 shots in the second half and missed 4 out of 6 free-throws with no one guarding him. >> ouch. >> as for my wizards, four turnovers in the final five minutes falling to 3 wins and 23 l
when he tried to cross the border with a antique shotgun his family said was an heirloom. steve harrigan is live. >> reporter: after four long months the 27-year-old former marine was released from the notorious prison late friday night after several hours of paperwork. he was accompanied by u.s. consular officials from the border between mexico and texas. he met his father and the two began the drive home. they had to stop off yesterday in a hospital in louisiana room in louisiana, john hammar suffering from the stomach flu. having trouble keeping food down. the goal was to get him home for christmas. looks like it will happen now. heather? >> steve, quite an ordeal for the family to say the very least >> reporter: a very tough time. they received threats, ex-torgs attempts threatening jon would be killed unless they paid money. his mother said only once he crossed the border that she could finally relax. >> it was my first night that i slept all night long without getting up. it was just the thought of not wondering what is going on with him, can anyone hurt him tonight? that
, thank you. i want to start with steve on this one. this sunday when given the opportunity to defend hagel, chuck schumer i just mentioned, refused to do so. listen to what this very smart senator from new york had to say. >> that's his choice. i think once he makes it, his record will be studied carefully. but until that point, i think we're not going to know what's going to happen. >> can you support him? >> i'd have to study his record. i'm not going to comment until the president makes a nomination. >> steve, i have a sense that this knocking of this candidate has gone beyond neocons, people of the right. and including people who are just generally pro-israeli which is about most people in politics. i get the fear -- i have to call it fear because i liked hagel, that he may be in trouble now. the shots that have been taken at him about calling it the jewish lobby which is a problem because obviously people are very pro-israeli from the right. to use that term these days is the kind of thing that just ends up causing a lot of problems with people in the middle politically. they'd
obama met with the four congressional leaders this afternoon just a few minutes away. steve handlesman has more. >> after the meeting, he called the president was optimistic and insistent, optimistic there can be a deal that will keep most americans' taxes from going up. here's the president gist now in the white house briefing room. >> i just had a good and constructive discussion here at the white house with start and house leadership about how to prevent this tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote. one that protects the middle class from an income class hike. one that extends it to 2 million americans looking for a job and lays the groundwork for more economic growth and debt reduction. >> that leads to the insistent park, asking reith who control the se
steve? >> you would hire the guy named steve. >> steve gets the job because, like both of you are going this can't happen. >> and that's completely legal and if the hot woman says i didn't get the job because i was too hot. too bad. >> what if you like pudgy guys named steve. >> that's a problem. but i think it was totally crazy. after ten years, what was going on here? it was the wife. you were on to that, right? it was the wife. but i think, look, are you kidding me? men in the workplace, of course we look at women. >> one time i had the good fortune to you "too hot for citibanks" do you remember that? do you remember that young lead? she was really hot. >> i cannot work anywhere else, can you? >> there she is. see what i'm talking about? >> unfortunately for her, though -- >> or her credenza. >> she's not protected. >> i think maybe it's not a good idea to be too hot is the morale of the story. >> wait a saying this? >> yeah. unless -- >> there's enough suffering in this world. >> being hot is not a crime. >> the onion always says the unemployment rate for hot chicks is zero. >> i t
, reaction from one of the more outspoken members of congress, steve israel of new york. you're watching msnbc, the place for politics. >> we are running out of time. americans are still threatened with a tax hike in just a few hours. i hope we can keep in mind, and i know we will, our single most important goal is to protect middle class families. >> by all means let's complete a deal today so we can go home. let's raise taxes. let's stick it to those rich people-let's not touch spending. >> two people are gathered in a private room trying to negotiate something that has enormous consequences for this country and for our economy. we are where we are because this process was greasily mismanaged up until this point. [ male announcer ] what are happy kids made of? bikes and balloons, wholesome noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. that's what happy kids are made of. campbell's. it's amazing what soup can do. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upp
. how you doing? my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food bank. $82 bi lou: foreign buyers are helping to boost our housing msarket. those buyers accounted for billn $82 billion in home sales over the past year. 9 billion of those dollarschines coming from th chinese. t second only to those canadians, as the largest one homebuyers in presidenntry. the io and president ofao citimortgage, he is joining us the ov let's start with the overaller robustness come to power of thit recovery. is it too strong of a language to join these concepts?18 out o >> the housing is recovering on a sustained basis. eighteen out of 20 top cities are now s
're shaking your head, steve, so you get it first. people think, 12 years of intense pressure on you. 4 years of running, 8 years of serving, into your late 70s. does anybody want to inflict that on their lives at the end of their life basically? your thoughts? >> i think there's a compelling case she doesn't run. 1992 they came to the national stage, and they have been on the national stage since then. for 15 of those 20 years all the way through 2007 she was -- she and her husband were the top targets of the right in this country. she called it the vast right wing conspiracy. there was something to that. it's not that they absolutely will beat her in 2016, i think she could beat them, but it's an issue of do you want to endure that kind of day-to-day attack politics, vicious politics, for another four years, for another eight years, or do you want to say i have proven enough in public life and i want to do something else? >> i don't know. i think she showed no signs of her energy lagging as secretary of state, and that's a pretty tough job, too. i'm not saying it's as vicious as running for
to carry guns. joining me now is dr. steve perry, host of "save my son." steve, good to have you here and hearing about what's gone in virginia and the possibility of teachers might be given permission to carry a gun in to the classroom. much of this debate has been fueled by the fact that the ceo of the nra said it's only going to take a good guy with a gun to stop a bad guy with a gun. are you worried about where this conversation is doing and that's the slippery slope, talking about stopping guns? >> absolutely. what we have done is allowed hysteria to step in and get us afraid of what was otherwise a safe setting. the american public schools are safe. approximately 70 million children went to school last friday and came home. their schools are not unsafe. in fact, whether it be virginia or new jersey, in my school in hartford, we have ten different points of entry or exit as they're designed to carry the load of 700 children. you would have to post an armed guard at every single door and even if you did, if they came in with an assault rifle, with 30 rounds in the clip, they're go
from congressman steve israel, democrat from new york. stick around for that. >>> the other big developing story we're following, secretary of state hillary clinton in a new york city hospital this morning being treated for a blood clot. her spokesperson says the clot was discovered during a routine followup exam yesterday in the wake of the concussion she suffered several weeks ago following a fall. now, nbc news chief science and health correspondent robert bazell is live from new york there in front of the presbyterian hospital. bob, what do we know about secretary clinton's condition and how she is being treated right now? >> richard, we know precious little. we had the one statement yesterday evening from secretary clinton's staff that said she suffered a concussion that was related -- excuse me -- suffered a blood clot related to this concussion. usually when somebody has a blood clot related to a concussion it is in the brain and would not be treated with anticlotting drugs. she is being treated with anticlotting drugs. so maybe she has a blood clot someplace else. we don
capital, rick santelli, steve guilfoyle on the floor of the exchange with us as well. let's see. let's start with you, mr. grinch. you sell on any strengths, even now, even if we get a deal? >> well, fundamental analysis is thrown out the window. this obviously is a headline-driven market. any time you're hearing about something that's going to take place, any hint at any type of negotiation, any type of a deal, the markets tend to respond. right now i think the markets are calling their bluff right now. we're not expecting a lot out of what's taking place in washington at this moment. here's a thing, guys. even if there is a deal, it's going to be tough. you'll have a knee jerk reaction. markets should be rallying, might be a great opportunity to sell into strength, because when you look behind the curtain of any deal that's going to happen, it's going to be remarkably bad for the economy. >> austerity on the way. >> absolutely. >> whatever we're looking at. >> talking about spending. the whole conversation has been about tax hikes. i mean, you can't -- you're talking about how many
and afghanistan. >> nina, you get the last word. merry christmas. see you next week. steves: the dramatic rock of cashel is one of ireland's most evocative sites. this was the seat of ancient irish kings for seven centuries. st. patrick baptized king aengus here in about 450 a.d. in around 1100, an irish king gave cashel to the church, and it grew to become the ecclesiastical capital of all ireland. 800 years ago, this monastic community was just a chapel and a round tower standing high on this bluff.
cry from the 378 million last year. steve jobs' famously collected a dollar a year. >> for the first time in its history voting for oscars online some voters are complaining the system is confusing and worried it could be vulnerable to it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formula. it attacks tough stains and kills 99.9% of germs. new lysol power & free. powerful cleaning that's family friendly. another step forward in our mission for health. >>> good friday morning thanks for joining us. you are looking live from emeryville at the bay bridge dry so far this morning chilly you want to bundle up, 40° in the east bay >>> 4:43 breaking news from new jersey, three officers wounded after gunfire erupts inside a police station in gloucester township. wpvi reports authorities say three officers in the hospital severive their injuries is unclear. no word on what led up
that steve jobs would never intentionally do. they are doing all right with selling, but they have to sustain the sales next year. it will be increasingly difficult. apple is throwing out products fairly rapidly. number tim cook came out compact. his training is much like hp and dell. he was never a steve jobs clone. unfortunately, apple was designed to run under steve jobs. david: steve jobs is gone, tim cook is in. does apple ever recover the historic price levels that we saw for their stock just a few months ago? >> it seems, i mean, if you change enough of a company that has been trading very well that has been doing excellent, making almost no mistakes, it is difficult, the odds are against it. it is always possible, but the odds are against it. the apple today is not the apple that was trading at those highs. david: they are telling me i have to cut short. no po, flop or success? will this phone help them? >> i love the 920. android is looking weak. apple is looking a little bit weaker. those two companies will try to come back next year. the 920 is sold very well. it will be a race to
, steve. i would like to thank the secretary for his kind comments and i think it's important to note in addition to our united states senators, we are joined by the entire colorado delegation. our members of congress, diana degette, jared polis, cory gardner and congressman perlmutter. thank you all for being here as well. i had the great privilege to be with our former senator in the shadow of the rocky mountains where this tree once stood and we now have the high privilege of standing in the shadow of the capitol of the united states of america to be able to celebrate this season. when we went to carve that tree, we were joined there by members of the ute tribes. they are inherent to our area. the people of the ute tribes, they have a word that things are good -- to make sure that all is good. native american culture, it's about wind, about the sky, the land, and water. comes. this tree, which will represent the spirit of the state of colorado and indeed our nation speaks also to the importance as the secretary noted of forest health. in the state of colorado, we have many challeng
to see how they can vote on something before newier's eve. >> marty, to steve's point, one of the major source of pain is the payroll tax cut. when they negotiate a deal, unfortunately it's going away. i was taking a look at something nate was writing as he wants to do, talking about the numbers here. specifically looking at the break down of who was in the house. between tea party republicans of which there is a lot and blue dog democrats of which there few and liberal democrats. he is basically making the point that if boehner does want to stick with the principal that he is going to pass something with a majority of his caucus, he will need a significant amount of support or some support from liberal democrats, not just blue dogs. what kind of a deal could realistically get to the house that holds together most of the caucus and also brings along some liberal democrats? >> that's where we are stuck. if we can figure this out, you know that john boehner and nancy pelosi and the wimps in the chambers are trying to figure it out. the right combination of the income threshold for tax inc
to get back to my christmas list here. let's see. casey dolan gets a girls' scholarship. steve lewis, steve got desks last two >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drumbeat against the nra. >>> six days until the price of milk shoots up to $8 a
want to watch it coming up. how you doing? my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food b ban. david: take a look at this quote about romney. quote he wanted to be president less than anyone i've met in my life. he had no desire to run. now that is from his son, tagg romney about his father. he said that governor romney had to be persuaded to run by his wife and tagg. so company, what do you think about this? do you believe it? adam: if tagg wants back in on the inheritance -- [laughter] shibani: what do you think? if that's the case, then everything worked out as it should have in the first place. well, i would beg that his son is pro
equipment. bringing on new employees and expanding our business. adam: steve hayes, let me ask you and pick up where kim was just speaking the national federation of independent businesses estimate 75% of small business, which we know is the powerhouse, the dynamo of job creation in this country, 75% count their taxes the way that it is called the pass-through or the flow-through. essentially they're the people who get caught by the income tax increase. so this deal that the republicans have agreed to, have they sold out small business or is this the best they can get to protect small business? >> well, look, the deal is going to be a bad deal no matter what happens. it was always going to be a bad deal no matter what happens because the circumstances that led to the creation of the super-committee and failure and sequester. all this was going to be bad from the beginning but i think the idea of raising taxes right now, i'm not in favor of raising taxes anytime, raising taxes now when the economy is failing to sort of get off the ground is a terrible idea. of course it is going to hurt smal
clinton's glad clot. medical experts say the severe a steve the problem depends on the location of the clot. most risky are the rain. she is being treated by anti-could he ago ooh atlantas and will remain at new york's presbyterian hospital until tuesday to monitor her medication. this is not the first time that mrs. clinton had been treated for a blood clot she had one in the back of her right leg in 1988, she described it as the most serious medical condition she ever experienced. after a stomach virus she fainted and hit her head. it is possible the newly discovered clot had form before she was diagnosed with a discussion. it also could have resulted from bed rest. >> the blood clot i'm assuming is similar to the one she had in 1988 which was in the back of her leg. she did have a concussion recently, which probably made her a little immobile at home, which is a bit of a risk factor for developing clots in veins in legs, especially in people who are at risk for them h-frpblgts since suffering the concussion secretary clinton has not made any public appearance and canceled ove
in sight just more of the same way blame game . e week before the taxes are going to sky rocket. steve is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though the president scaled back his expectations for what can be accomplished some democrats said a grand bargain shouldn't be that hard to reach. >> we ought to take peeker boehner and the president's last offer and split the difference and it would be a package 2.6 trillion can couple that with 1.1 trillion and that would be close to four trillion needed to stabilize the debt and bring it down. >> the president and members was congress will return to
? joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal cliff there's conc
: who is steve rogers who you interview here? >> guest: steve rogers from chicago is a professor at the kellogg school of management at northwestern university. >> host: what was his connection with president obama? >> guest: like many african americans, businessmen and leaders who i interviewed, he was an early backer and supporter of obama. after obama lost a congressional primary to bobby rush in 2000, rush is a former black panther, now a congressman, he was deeply in debt, he went around looking for people to donate money to his cause and steve rogers, very successful businessman at that time before he became a professor gave him $6,000 to pay off some of his personal debts. in return obama promised that he would visit steve rogers and if he won a u.s. senate seat and speak to them so he did win the u.s. senate seat. rogers never heard from him. he called up and asked obama what he come? obama said i am too busy. i am getting phone calls from warren buffett and steve jobs and bill gates and all these important people and rogers said you promised and obama told him you are no
: let's bring in the author of how rich people think. steve, the rich voted not in overwhelming numbers but they certainly gave many of their votes to president obama in the last election. now, the rich people in america are going to have to pay higher tax rates. you know the rich. you know all about them. you're with them all the time. you write about them. how do they feel about this? >> well, i think the bottom line is, stuart, that the rich that voted for obama voted for obama based on his social policies not his fiscal policies. i don't think they are any happen per about the fiscal policies than anyone else, except maybe the very very wealthy, you know, maybe the michael bloombergs and the warren buffetts. stuart: i think there's a distinction here between wealth, accumulated money which you sit on and which is not taxed, and income, tax flow, which is taxed. i think there's a distinction between the two. when i say the rich, i guess i'm primarily referring to wealthy people who have accumulated wealth and they are sitting on it. they don't care if other people pay higher tax rate
. the downgrading of the credit rating doesn't seem to have had any effect. lori: but, steve, we have the debt ceiling for a purpose, right? to avoid overspending. yet it doesn't seem to be doing its job. how can we get meaningful spending cuts, preserve entitlements back into the dialogue of this fiscal cliff debacle? >> well, i don't think we have it to encourage fiscal responsibility so much as we have it because it's required for congress to authorize borrowing money to pay our debt and deficit obligations. it's, the way i look at it, it is a mere constitutional technicality and we should raise it. i would like to make one point about on the downgrade issue that he just talked about. if we go over the fiscal cliff, that would certainly be no reason for a downgrade because we would be cutting the deficit and the debt. lori: right. >> but if we kick the can down the road here and don't do anything with a short-term solution, then i think it would be reasonable for the debt, excuse me for --. lori: another downgrade. >> for us to be downgraded, excuse me. lori: let me send it back over to you
iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if we pass waite without a deal earthquake the market will think something is going to happen in early january this is the way washington works, they walk right up to the edge of the deal, maybe even p
republicans may believe, as steve said that raising taxes on people over 250 is a mistake, president obama ran very clearly on doing exactly that, won 51% of the vote, 332 electoral college votes, we are probably going to get there the question how much crockery do we break along the way? >> ron that's fine. let's be fair here. we have been negotiating this six weeks, since the election. the president, when i talk to my republican sources say, look, the president hasn't put anything serious on the table still on spending cuts, ron. i think that's, you're right urkts bo, both sides have to give a little bit here, i haven't seen much give on the democrats' side of the aisle here. >> the inability to comp prom my keith stone to democrat circumstance todd, why don't you weigh in on this. what is your feelings with what has to be dealt with by not just this congress but 1913th congress, numerology could worry you a little bit. >> stephen hit the nail on the head, talk about the spending cuts, that actually is not even in existence right now you right now you the top line issue has been about tax re
senior correspondent and founder of 15seconds.com. laura ashburn editor and steve roberts at the george washington university who spent a couple decades at "new york times." since nothing else came back looking back in our national history and not prosecuting paula broadwell for stalking or anything else. >> we were right after the presidential election, everybody was bored. and this happened during newtown or during the presidential campaign. it would not have been as big a deal. this was a timing issue. >> nothing else going on, remember how, you know, the stakeouts in front of jill kelley's house. >> how do they send 30,000 to 40,000 e-mails. just this nonstop, salacious story. >> yes, but it was great television. sex and espionage and spies. i mean, this was the kardashian of national security. >> that's not a good thing, pal. >> wrong metric. that was the kardashian impression in the worst way. it was to try to get eyeballs and sensationalize the story and good tv and good entertainment is not the same as good information. this was not a high-point political coverage. this was inhe
for -- and david knock murrah, white house reporter for the washington post. great to have you here. steve, i want to start with you because you just heard senator lieberman say that he thinks it's more likely that we're all going to be going over this cliff than not. is that the sense that you have been getting from lawmakers as well? >> absolutely. first of all, i just checked about 20 minutes ago. there are no talks going on today. the senate comes back on the 27th. there's a lot of stock being put many the fact that maybe mitch mcconnell and harry reid can cut a deal, but mitch mcconnell, though by his nature, is a dealmaker, feels a lot of these same kind of tea party pressures at home that a lot of members of the house feel. he has a potential primary challenge of 2014. the tea party is very strong in kentucky. that's ran paul country. he is very mindful of that. i don't think he is in a position right now to cut any kind of deal that would invite a problem for himself at home. >> all right. when we hear senator john barosso saying he thinks the president is eager to go over the cliff becaus
faced over past three decades politically. gregg: what of john boehner though? steve latourette, who said, the same 50 or 60 chuckle heads who always screw things up, speaking of the tea party group. >> yeah. gregg: he said it is not really the speaker's fault. is it the speaker's fault? >> well, look, i think boehner was, he is in a bad spot. there are no good outcomes here for republicans. there have been no good policy outcomes for republicans. i watched the steven latourette comment, one of the things that struck me, these are the guys, 50 or 60 chuckle heads came here and screwed things up. the presumption congress was working just fine before they arrived. i would argue that it is nice we have people in congress who are actually serious about looking at the long term consequences of our overspending over these past couple of decades. that is where the real problem is. he can say they're stubborn and not willing to compromise and all things he said repeatedly as he made those criticisms but the reality is they're actually trying to solve the long-term problem. he may not like th
. >> julie seger watches c-span on verizon. >> on the subject of the fiscal cliff, we spoke to steve forbes this morning and got his take on the subject. host: joining us now is the chairman and editor in chief of forbes media, steve forbes. he will be with us for the next 45 minutes to take your calls. let's start with where we started this morning on "washington journal." have you looked at the fiscal cliff and have you made plans or altered your 2013 spending as a business owner on this issue? guest: the answer is not yet. the big factor will be what happens in health care, which kicks in it in 2013 and 2014. you're kind of immobilize until we get a fix. we are moving ahead on the projects we are doing. people are being cautious. we hope this thing will be successfully resolved and that we do not go into a recession next year. host: how would you like to see this issue played out in washington? what is the best economic solution? guest: the best economic solution is to avoid raising taxes. the best we can hope for is that they kick the can down the road for a couple of months. you are no
'm beginning to follow jesus with steve louisiana tor ret, you're crazy. >> sorry, baby. can't top jesus. >> thank you so much. we'll be right back. [ nyquil bottle ] you know i relieve coughs, sneezing, fevers... [ tylenol bottle ] me too! and nasal co [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> more good economic news this morning when can tcomes to new home sales. they are up for the month of november and the best in two years. alison kosik is here to break down the numbers. >> this is another sign that the housing market continues to be the brightest bright spot in the economy. new home sales rose 4.4% in november. that's in line with forecasts in showing that the median price for a home is just over $246,000. this is a sharp turn around when superstorm sandy drug down the sales. these numbers give us good indications about how the overall economy is doing. new homes typically are more expensive than previously-owned ones since they are built from
department public information officer, steve huffman. mr. huffman, thank you for joining us. one of the churches, trinity episcopal suffered a lot of damage. part of the roof is gone, front part of the parish is gone. and they went through a $1 million renovation. thank goodness it didn't happen when the church was packed. as daylight breaks what is the biggest challenge in terms of cleanup? >> we had public works crews working throughout the night and alabama power crews working to restore power in those affected areas. these guys -- i mean, unfortunately, this was not anything new to us. now, tornadoes are, but we're used to hurricanes, so we deal with power outages and things like that in emergencies such as this. our guys are well trained to respond to the types of incidents? >> how rare is it to have these tornadoes at this time of the year and nobody hurt, so you must have had pretty good warnings out there? >> we have been told a couple of days ahead of time to expect some severe weather to include tornadoes, and i think everybody was prepared for that. of course, we were
countries, particularly in china. >> steve, it also comes at a time when there's been a lot of congressional scrutiny for companies that go around the rules that the u.s. has. what is -- is this behavior illegal? and in what sense is it contra convenienting those laws and do you expect them to come under more precious in the u.s.? >> after i started writing about ze back in march and april, the u.s. commerce department immediately launched an investigation and later the justice department launched an investigation after a -- after it came out that zte allegedly attempted to cover it up and considered destroying the documents i had. whether that happened to huawei remains to be seen. the house intelligence committee issued a report which is highly critical of both of these companies including huawei for failing to be open about its iran business and provide any evidence that they were, in fact, obeying u.s. sanctions. and i don't believe that those investigators had access to the documents i've seen concerning huawei. i can't imagine that this isn't going to cause some problems for huawei goi
. that is the word from his vice president. steve, how bad is the president's condition? >>reporter: it looks like the condition is very serious. this was the fourth operation for a pelvic-area cancer for chavez, an undisclosed fact of the type of cancer. he has not been seen or heard from publicly in the past three weeks. all this is happening in cuba, and now the vice president has gone from venezuela to cuba marking how serious the condition is. requests have been made to the people of venezuela to pray for chavez and new year's celebration are canceled. >>trace: if president chavez dies who replaces him? >>guest: that is tricky. we are right in between an election back in october and a potential ininauguration on january 10. he has said he wants his vice president, a one-time bus driver, to replace him. it is not clear that would happen if he died now they have to hold an election in 30 days but it is more complicated than that. if chavez dies before the john 10 inauguration, that election is run by the head of the parliament. but if he dies after january 10, it is run by the vice president so
this weekend. we reached out but haven't heard back yet. steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart are the two groups? >> it's interesting. they're not really -- normally in a wage dispute with the union,ettes it's about wages and benefits but in this case it's not. what the unions are objecting to, according to the media reports i've been seeing, is they object to new kinds of work rules and new kinds of efficiencies that the port systems want to put in place to make the ports more productive, lower costs. that's happening -- you cover these m
this year. >> number 10, apple the first year without steve jobs and a company trying to prove under a new ceo it can invent things we needed we didn't know and would still buy. >> number 9, the u.s. stock market despite all the worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. smart money has been in the market. the rest of us have been worried about the fiscal cliff. >> number 8, facebook's ipo, hundreds of millions of people like facebook, but investors did not. on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummelled the stock which has yet to climb its way back to its ipo price. >> number 7, mother meyer. the new ceo of yahoo who announced she was going to take a two-week maternity leave. it looks like a mother's touch is just exactly what yahoo needed. >> number 6, mother nature. a drought in the midwest that scorched the corn and soy crop sending prices sky high. who can forget superstorm sandy. damages
margie omero, and chip saltzmann. i want to talk about with what steve la tourette had to say today being interviewed on cnn. >> this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government not willing to make the deal they know they have to make. everybody wants to play the blame game. this is about to put us over the edge. >> perry, i want to start with you. if perception is reality and the blame is going to matter to somebody, which side is it really going to matter to? ivities the blame is on both sides. what's driven this whole process is republicans are very opposed to -- just the republicans who will vote for any tax increase. we learned last week from the plan b vote. once we go over the cliff, republicans are ready for a tax cut, not an increase. right now that's what the big challenge is. >> chip, is that the biggest strategy here, get to the third and pass the third, the new congress comes in, boehner danger doesn't exist anymore, his speakership stays in place and grover norquist gives a thumbs up to up? >> i don't think tha
for the most expensive co-op ever sold in new york. and number four, steve wynn. he bought this luxurious condo. also in new york city. $70 million. the apartment which was once the hotel's ballroom has 14 rooms and over 10,000 square feet of space. whic is massive for new york. number three, we are still in new york were a russian billionaire bought a penthouse on central park west for $89. he reportedly bought it for his college age daughter to use when she's in town. i hope she's countable there. number two, this lavish new york city duplex penthouse with jetliner views of central park. the 11,000 square-foot penthouse was originally listed for $110 million. but the buyer is anonymous. i can tell you it is. the most expensive home by 2012, look at this. it is in montana. the billionaire owner of the st. louis rams bought this range. the final sale price not yet revealed. but if he paid nearly 1.5 million asking price, it would have been by far the biggest residential real estate sale in the u.s. this year. i could use a ranch house. that would be nice. coming up, forget the fiscal cliff. a s
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